Meridian Global Services has sold its VAT Reclaim business to VAT IT. Financial details have not been disclosed.
Meridian VAT Reclaim is an Ireland-based provider of international VAT services and business travel management solutions. The firm has been synonymous with foreign VAT reclaim for 25 years. With over US$2.5 billion in VAT successfully recovered for its clients, Meridian VAT Reclaim is the world's number one VAT recovery partner of choice to multinational, blue chip companies worldwide.
VAT IT is a global leader in cross-border VAT and tax recovery. The company maximizing tax recovery end to end through its industry-leading technology, ensuring full compliance. VAT IT serves over 8,000 clients in 100 countries worldwide. These range from small and medium-sized enterprises to large multinational corporations, across a wide range of sectors.
Meridian Global Services' core business is focused on providing a range of international VAT and Travel and Expense (T&E) compliance and consulting services.
Oaklins' team in Ireland advised the seller in this transaction.
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